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things with good returns. >> the kremlin and russia is having a big privatization program, and you, on the other hand, are buying into some of these privatizations. how does that work, sir? >> we have focused on bringing top investors with us. we brought china investment corporation to invest in several transactions. last year 1.5 billion came from investors. so our approach is invest a little bit of money, but have investors since the walls come and invest in russia so it's all about increasing the partnership of foreign investors and of private investors in the foreign economy. >> we had the ipo going on at the moment, as well. you are a stakeholder in that, as well. can you tell us what the intentions are regarding that ipo? >> well, we're big deliverers in my business. we're a shareholder. we would like to increase our stake in the business and we would like to continue bringing investors with us. we already brought quite a few investors into the company. the ipo will be happening tonight. we have big delivery of the business because it's a monopoly stock exchange in russia. pr
sales in russia lead to a worse than expected fourth quarter in russia. >>> natixis shares up near 20%. unveiling a simpler structure on a special dividend. >>> and the final week of campaigni campaigning in italy with polls suggesting bersani has the lead. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >> okay. first thing to say is we have three hours of the good stuff today. >> yes, we do. for all the americans on holiday today, we know you wouldn't want to miss a single second of it the the.we have so much going on. we're going to hear from wayne swan, sir phillip green, we're going to hear tr -- >> you are out of the fashion week, right sfp. >> yeah. i really enjoy getting the perspective from designers because what they say about where they're seeing strength tr around the world and frankly when you ask them and they say we're investing in digital that's as important if not more than what's happening in the retail world. >> did you see some great things? >> there are some pretty things there, as well. what was interesting is
bank is kick off officially those weekend squawk in russia. they're expected to deliver a pledge of monetary policy while focusing on measures to boost global growth. steve has been there all week and he joins us again this morning. steve, we actually finally start the meetings today. we've had comments out from the russian finance minister, as well. what's he saying? >> well, he's trying to get us back on track on to a growth agenda, which when you look back at what the agenda was a couple of meetings ago back in toronto in 2010, that was sorely missing. that was about harboring deficits and having firm targets. it hasn't really worked, has it? what they've said is our growth estimates were slightly optimistic. listening to what some of the policymakers are saying this time around, the likes of mario draghi, i'm scratching my head a little bit. there's some uncontentious stuff. i can live with that. range of financial market indicators showing situation normalizing. but what about this bit? currency chatter is inappropriate, fruitless and self-defeating. hang on a second, mr. dr
to monetize the russia angle going forward? >> tnk has been a successful venture for ten years and it's a joint venture that has run its course. russia is so important for the oil and gas industry. we've worked there for many years and made big differences in terms of russian oil and gas production. .i think we've taken what had been a bit of a problem and turned it into an opportunity and i'm very much looking forward to working with ross net. >> how are you going to monitor the opportunity in that respect? >> it has great potential. it's the largest oil producing country in the world. we'll own just under 20% of the shares. we'll have roles on the board, but i see a long cooperation potentially between bp and ross net and opportunities inside and outside of russia. plus i think we can help with many of its assets. i'm excited about it. >> now back to the earnings. around the increase in the dividend this year, is that the message then to shareholders, growing confidence? >> yes. bp has been through a bit of a long wave length transition here from 2010. we sure that our shareholders
around the globe. >> speaking of major events, we're a year out from the olympics in russia. putin has stacked the deputy chief of the russian olympics. this is just happening. it's interesting to see people just as they're starting to focus, getting ready for the winter olympics. it's come up this time next year, we're kind of over the event and -- >> just a reminder, this is the winter olympics, in case you're warning. >> yeah. 2014. >> there you go. >> a lot of pressure on russia to deliver. a couple of other stories? >> shares in australia national bank are up at yearly highs. australia's biggest lender by assets cited lending revenues. the bank has been hampered by british representatives. reports ooh a sale of some 100 branches never materialized. >>> and a major story developing overnight in ireland. the country's move is in disarray as lawmakers dissipated without securing a bank with the ecb. the irish government hoped to announce the liquidation alongside the ecb. these were issued in 2009 to bail out angelo irish. the ecb says talks are still, quote, ongoing. few details are
the statement this week. it comes this week after the g-20 meeting this russia where the group is expected to -- from market determined exchange rat about growing rhetoric about currency wars. ross, it's kind of extraordinary when you're in a situation where they're talking about the need for emphasizing the need for market-based currencies. >> yeah, exactly. currencies were also discussed last night. the officials at the g-20 summit at the end of the week is a more appropriate place to discuss currency moves. >> silvia wadhwa is in brussels and she recently caught up with the french finance minister and began by asking him about just how concerned he is about the strength of the euro. >> in a strong euro to a dead euro. six months to go, the question is is the euro going to survive? the euro is going to survive. if people today buy the euro, it's because the euro gains confidence from the people. but at the same time, it's not a good news if we are not able to answer the aggressive attitudes on the parts of the world. we must fight the currencies. we must enter into currency wars. but at
finance minister of russia earlier on. he was like, well, why now, we thought they were going to make the statement, they were going to make it? n russia as part of the talks. there's a mass confusion within the g-7 about what they were trying to achieve. maybe the markets got it right. actually that everybody is concerned about the competitiveness. at the moment the russians especially is been actually losing out in these currency wars so to speak since july. have been rallying the ruble against the dollar, rallying again the yen heavily, as well. they're as concerned as anyone about the competitive advantage from the devaluation of these currencies, as well, gained by the japanese and others. face it, as jim o'neil points out in one commentary, the americans have been doing this for 30 years. it's rich to turn around and say anyone can't do. it mr. carney, currently of the bank of canada, soon to be bank of england, said we need forceful representation at the g-20 to solve issues. what's interesting is not to lose track of some of the more important agenda issues from the russians,
, and russia have concluded two talks iran over their suspected nuclear program. they have said they'll lessen negotiations but there's a long way to go. new negotiations have been scheduled for next month. >>> and we've also got more out of iran in a statement on the technical nuclear talks scheduled for march 18. they say the next top-level talks will be april 5 through 6. and the p51 offer included items proposed by iran. e.u.'s ashton who has been involved said the meeting with iran will be on april 5 to 6, as well. the new offer we presented was balanced, fair basis for diplomatic talks. they won't detail what the new proposal are in iran. >>> and paris eads sharply higher after the aerospace group posted a better than expected full-year earnings profit as well as predicting a rise in earning in 2013. we have more. >> reporter: it's not a big surprise. a few weeks ago the ceo of eads said the company will be able to improve significantly its revenue and operating profit thanks to all of the divisions of the company. the main being the commercial aviation unit. also strong performance at e
to get more clarity on is how progress is moving in russia. we have a few quarters that will have the sales of tnk and the progress in recognizing those earnings will be important for the financial metrics. >> and look, you look at the brent price, as well, how much of a differential are you expecting? do you see that happening? if so, how much might that be? >> it's already there, too. we think in the short-term, there could be some negative impression on the markets because of some pipe likes that are coming into operation. but we expect over the medium term that that spread between wti and brent is going to be somewhere in the $12 to $15 range and that probably extends for 3 to 5 years. >> jason, good to see you. thank you so much, indeed, for joining us. u.s. authorities are brewing up trouble for the ab inbev/montelou deal. more when we come back. first, a reminder of where futures are trading ahead of the open on wall treat st. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. we can afford to take an
sales were up nearly 5% boosted by russia, latin america and dan da. heinz shares falling on the back of that news, down about 0.3%. >>> citigroup bowing to shareholder press your. the news comes as the company has disclosed new ceo michael corbatt was paid $11.5 million for his work last year. he was named ceo in october. shares just barely higher in germany this morning. >>> david einhorn is taking his appeal to shareholders. the green light capital founder pushed them to get his plan to share more of the wealth. his plan could boost the stock by $150. he wants apple to issue perpetual preferred shares when he calls ipref. you have to love it. pretty genius marketing strategy. apple shares responding positively, up 0.75% in frankfurt trade, roughly in line with the market this morning. >>> and nielsen is changing the way it tracks how you watch tv. the ratings company will start measuring shows downloaded and watched via broadband such as itunes or hulu. currently the tv shows aren't count counted. video from demand on cable and satellite providers won't be included. but nielsen say
Search Results 0 to 9 of about 10